Healthcare edtech startup Virohan has secured funding of $7 million. The company will use the money to expand to the Japanese market.
Virohan, a healthcare edtech firm, has secured $7 million in a pre-Series B1 bridgefunding round headed by Blume Ventures.
Bharat Inclusion Seed Fund, Rebright Partners and Lesing Artha, ALES Japan, JP Morgan Chase Singapore managing director Shantanu Jain, Deepa Bagla Financial Consultants, and LetsVenture angel investor member Harshvardhan Rajgarhia are among the other investors, according to a release.
In May 2021, the Gurugram-based firm secured $200,000 as part of its Series A fundraising round sponsored by Rebright Partners. It received $2.8 million in a seed and Series A financing in August 2020.
So far, the firm has raised $11 million. According to the company, the new capital would enable it grow into the Japanese market with the help of its existing investors ALES and Rebright Partners.
Founder and CEO Kunaal Dudeja, said, “Over the next 18 months, Virohan will strengthen its relationships with its stakeholders (students, universities/colleges, and medical institutions), train over 10,000 students, and establish an international presence to cater to the $100 billion-plus global opportunity.”
The firm intends to open over 200 new campuses across India, as well as create and launch new training programmes and scale its omnichannel training platform infrastructure and content in regional languages.
Virohan, which was founded in 2018 by Dudeja, Nalin Saluja, and Archit Jayaswal, provides certificate-based paramedic courses such as emergency medical technician, medical laboratory technician, operation theatre technician, hospital administration, and radiology technician.
According to the statement, Virohan’s pupils include technicians such as phlebotomists, medical lab technicians, and operating theatre technicians.
Ashwin Raguraman, co-founder and partner at Bharat Fund, stated, “The serious lack of healthcare staff came to the fore during the epidemic but continues to represent a chronic concern. Virohan’s efforts to provide high-quality training to these professionals via a highly scalable strategy that integrates both digital… and classroom/hospital experience… promise to tackle this challenge.”
Virohan saw a two-fold increase in student enrollments in the fiscal year that ended March 31, 2021. It has so far trained over 7,000 students across courses, with a greater than 96% completion rate and a more than 98% placement rate within one month of the programmes, according to the company. For student internships and employment offers, Virohan collaborates with over 1,000 partners, including FortisEscorts, 1MG, Dr Lal Path Labs, Sarvodaya Healthcare, and Healthians.